The Bureau of Labor Statistics published August’s Consumer Price Index (CPI) data just a day after it revealed lower-than-expected wholesale inflation. BTC Dips Then Recovers After Latest CPI Report Bitcoin dropped to $113K on Thursday morning after the Bureau of Labor Statistics (BLS) announced slightly hotter-than-expected inflation in its August Consumer Price Index (CPI) report.
Fresh data from blockchain analytics platform Glassnode shows that mid-sized Bitcoin investors have significantly increased their BTC holdings in recent times. The data shows that entities holding between 100 and 1,000 BTC, often referred to as sharks, have added approximately 65,000 BTC in the last seven days alone. At the current price of $113,595, their
Plume has partnered with AI-powered security platform Octane to integrate automated, real-time vulnerability scanning directly into its blockchain ecosystem. Summary Octane’s platform scans code in CI/CD pipelines, detecting vulnerabilities in real time without slowing development. Initial audits of Plume protocols and ecosystem projects uncovered 192 issues, including a critical vulnerability in Mystic, that could’ve led
BlackRock, the world’s largest asset management firm, is expanding its plans to transform traditional investment products into blockchain-based digital assets. According to Bloomberg, the company is considering offering exchange-traded funds (ETFs) to investors by tokenizing them on the blockchain. According to sources familiar with the matter, BlackRock is working on tokenizing ETFs based on real-world
Donald Trump, who’s repeatedly criticized Hunter Biden for perceived conflicts of interest, has unleashed his three sons on the cryptocurrency industry to participate with unprecedented breadth and financial entanglement. All three of Trump’s sons are tied to and profiting from the industry as a whole, with Donald Jr. and Eric taking the lion’s share of
Shares of Nasdaq-listed fashion company Mogu soared on Thursday after the company announced it was buying digital coins Bitcoin, Ethereum, and Solana with its spare cash. China-based MOGU was recently trading about 76% higher at $4.40 after soaring at one point to over $7 per share. The share price has been largely stuck below $5 since
Arthur Hayes, co-founder of BitMEX and one of the most recognizable names in the cryptocurrency world, has a net worth estimated between $200 and $400 million. Arthur Hayes, co-founder and former CEO of BitMEX, a pioneer in the cryptocurrency derivatives market, remains a key figure in the industry, both for his perpetual swap product and
Markets are ignoring a hotter-than-expected inflation report and instead turning their attention to the latest signs that the U.S. labor market is faltering — a shift in focus that points to growing concern about a deeper economic slowdown. Consumer prices rose a bit more than expected August, according to CPI data released Thursday by the
Blockchain lender Figure Technologies was set to begin trading on the Nasdaq on Thursday under the ticker symbol “FIGR” after raising $787.5 million through an initial public offering alongside existing investors, according to a press release. The New York-based firm, which uses a blockchain-based platform to facilitate lending outside its traditional scope, sold 31.5 million
A wave of corporate blockchain networks is gathering on the horizon, promising faster stablecoin payments and smoother adoption. The long-awaited vision of companies embracing blockchain tech seems to be finally taking shape, but not in the way many crypto veterans expected. Payments giant Stripe, backed by crypto VC firm Paradigm, is building its own Layer